Eurasian Development Bank’s council approves adopting 3 new members

Interfax, Russia
Dec 12 2008

ALMATY Dec 12

The Eurasian Development Bank’s council has approved the adoption of
three new members: Armenia, Belarus and Tajikistan, the bank said in a
statement.

"The council of the Eurasian Development Bank met on December 11 and
after considering applications from Tajikistan, Belarus and Armenia
approved the entry of these countries to the bank," the statement
reads.

The council approved increasing the charter capital in line with the
procedure of adopting new members through an additional issue of the
bank’s shares, which will be distributed among the new participants
proportionally to their donations to the capital, it reads.

"Now the charter capital of the Eurasian Development Bank, which was
fully paid by its founders, Russia and Kazakhstan, is $1.5 billion.

As a result of buyout of the additional issue, it will grow by $15.6
million thanks to contributions of Tajikistan, Belarus and Armenia,"
the statement reads.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS